Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : At a bottom now for gold? -- Ignore unavailable to you. Want to Upgrade?

To: Jim Ilchyshn who wrote (884)	11/7/1997 8:06:00 PM
From: MUDMAN	Respond to of 1911

I am new to this thread. What was reported today was that producers were selling in anticipation that POG will soon break $300. While I hate the way the central banks have been colluding to kill gold (I own a bunch of jr's and have gotten hammered like many others), they have the upper hand right now. Mahatir of Malasyia talks about speculators manipulating currencies. How about the central banks with gold? Unfortunately I think gold will probably reach a climax bottom over the next few months - probably $250 area. I hope I'm wrong. But right now the C.B.'s have a mission - to kill gold - AND the means to do it. Not to steal from this great thread's thunder but FYI I did start a new thread that asks the question: GOLD: WHAT IF IT IS NOW JUST A COMMODITY? MUDMAN